The price is clearly approaching a HTF High, which is potentially a strong high. Now, given that the 4-hour timeframe is bullish and the lower timeframe (i.e. 15 minutes) is bearish, we can expect the 4-hour timeframe to be forming a swing pullback. The extreme range considered on the 15-minute timeframe is a strong POI ( point of interest ) to sell to go along with this 4-hour structure pullback. Of course, we should definitely manage our expectations from this sale because we know that this is a counter-trend 4-hour position. Although it is considered trend-aligned on the 15-minute timeframe!
Keep in mind that if the price does not reach the upper zone, we can have a buy setup if confirmed by the Unmitigated 4H Zone, which I will investigate in more detail in future posts.
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.